Meridian Wealth Advisors LLC Has $6.30 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Meridian Wealth Advisors LLC increased its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,306 shares of the home improvement retailer’s stock after acquiring an additional 283 shares during the period. Home Depot comprises about 1.1% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 23rd largest position. Meridian Wealth Advisors LLC’s holdings in Home Depot were worth $6,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Bey Douglas LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $913,000. MinichMacGregor Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter worth approximately $387,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Home Depot by 1.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock worth $74,092,000 after acquiring an additional 2,209 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after purchasing an additional 1,195 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC lifted its position in shares of Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Home Depot stock traded down $3.56 during trading hours on Thursday, reaching $361.11. 402,838 shares of the stock were exchanged, compared to its average volume of 3,399,301. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a market cap of $358.08 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The stock has a 50 day moving average of $356.55 and a two-hundred day moving average of $354.06.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the business posted $4.65 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analysts Forecast Growth

HD has been the subject of a number of analyst reports. Evercore ISI decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Wedbush reiterated an “outperform” rating and set a $410.00 target price on shares of Home Depot in a report on Friday, May 10th. Stifel Nicolaus decreased their price target on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. boosted their price target on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $387.79.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.